I see the same thing and I see support for Trump every where I go. No one that I know believes anything the medial puts out and even some on the other side are now getting worried — they do have kids as well so its getting personal not abstract. This has to play out if they try to stop the movement there will be a 2nd civil war in they don’t try to stop it and any Democrat gets in the Republic is finished. With all the changes that have been made over the past 15 years there is enough junk passed into law now that a President could easily become a dictator. Our only hope is the Trump gets in and fixes things — my only fear is that he doesn’t see how bad it really is.
Tag Archives: NAFTA
Dow – Down & Dirty?
Armstrong Economics Blog
Re-Posted Jun 25, 2016 by Martin Armstrong
The Dow has been bouncing off the Reversals as well. Despite being above 17800, it would fail to close above that. The question becomes WHEN will the Dow breakout to test new highs with the next target zone in the 21,000 to 23,000 area? With the closing on Friday below the first Minor Weekly Bearish at 17434, the Dow should move a bit lower now to test the 17120 level. We have a serious gap there after both technically and on our Reversal system. We can yet see a thrust to test the 15000 zone before turning back up again. The numbers tell us when the big moves will come. But we need not move down that far. We can hold technically the 16900 level, fail to elect any reversals, and the flip back up.
The key to all the markets is CONFIDENCE. We are witnessing a global revolution against career politicians. BREXIT is the first of four critical elections we have been warning about. There is no real chance of a major stock market crash because retail participation (both domestic and foreign) is at historic lows. There is no retail market that would panic. The “professionals” are baffled trying to figure this mess out watching the Fed and reading headlines. More hedge funds are closing because performance is collapsing. Opinion really drives the bulk of investment and nobody is getting this right because there is nobody who has ever lived during such a period. Those in search of guru will lost everything. The ONLY way to trade this mess is DISPASSIONATELY and just go by the numbers. The market is the only one that is never wrong.
The slingshot is coming. These four elections will change the perspective of government for the next few decades. Those in power will fight back tooth and nail. You can see it. Republican Elite hate Trump just as the Democratic Elite hated Bernie. Both represented upsetting the apple cart. Nevertheless, we are looking at a serious issue here. The slingshot comes WHEN everyone realizes the future will not be anything they dreamed of. The negative interest rates are destroying pension funds, Central banks have lost control and credibility, and socialism is dying very hard because government is consuming the bulk to fund its own pensions. The slingshot comes when people realize governments are collapsing. Then there will be the mad rush into all private assets.
The Contagion Begins
Armstrong Economics Blog
Re-Posted Jun 25, 2016 by Martin Armstrong
Brussels will try to now punish Britain as they punished the Greeks for daring to vote against them. Our sources are already saying the attitude behind the curtain is turning nasty as in how dare those “limies” vote to leave. The derogatory remains off camera are telling. Brussels will try to be hard on the Brits because there are already movements to enter referendums to leave the EU surfacing in the Netherlands, France and the Northern League in Italy. Indeed, the Brits just slapped the face of those elitists in Brussels who refuse to see they are ever wrong. It is always everyone else’ fault. The entire EU project has gone way too far. It is no longer about trade – it is an autocratic anti-democratic establishment hell bent on federalizing Europe.
The Accomplishments of President Kennedy and President Obama
President Kennedy, a Democrat, started the program that put a Man on the moon!
President Obama, a Progressive Democrat, started the process of putting men in the ladies rooms!
This is not progress this is regression …
Update: McKinney Pool Party Case – Texas Grand Jury Delivers “No Bill” Decision – Officer Eric Casebolt…
Just like all the other ones there was nothing to any of the changers this is all made up and creating tension over basically nothing. This is by design by this administration to cause the problems we have. They want to change the form of government to a Fascist system where there is a supper strong central government that controls but does not own everything as does communism. Creating problem to upset the citizens gives them the license to make changes and the changes change the form of the government. This is not the first time and it will not be the last time but we did bring it on ourselves by not being vigilant.
EU Wants to Charge Social Security Taxes on Robots As If They Were People?
Armstrong Economics Blog
Re-Posted Jun 23, 2016 by Martin Armstrong
Japan’s Toshiba <6502.T> robot has taken on human form and visitors to the world’s biggest travel show in March were greeted by a lifelike robot. Under new proposed European legislation clearly intended to stop technology advancement, the growing army of robot workers are to be classed as “electronic persons” and their owners would then be liable to paying social security for them. This is an example of how nuts Brussels has become from regulating cow farts to now wanting to impose the same tax system to robots for their retirement?
Banks Tell Employees to Vote Remain – That Means A Vote to Leave Must Be Best
Armstrong Economics Blog
Re-Posted Jun 23, 2016 by Martin Armstrong
A record 46.5 million voters have signed up to weigh in on Today’s referendum, which asks one, single question: “Should the United Kingdom remain a member of the European Union or leave the European Union?” With the establishment opposed to BREXIT and the banks telling their employees to vote no to remain in the EU, you know one thing – what’s good for the bankers will never be good for the people.
The EU is nothing without Britain
Armstrong Economics Blog
Re-Posted Jun 23, 2016 by Martin Armstrong
The lies being told by Cameron that Britain will suffer are rather astonishing. It is the EU that has the most to lose on so many fronts it is rather alarming how the press do not tell the truth. Forget the imports exports that are just under half of the the trade between the two, which would never stop nor would it be in the EU best interest to cut Britain off. The real key is diplomacy. Whenever Europe has EVER accomplished something useful, it has always been the UK’ in the driver’s seat. Any thought that BREXIT would end relations is rather absurd. The EU has nothing without Britain. The only other country that spends more on its military than the UK is the United States. Germany could not defend Europe nor could France. Without the UK, Europe would have fell to Hitler. A post-BREXIT that tried to stand on pride in the EU would quickly find itself no longer a powerful player on the world political stage. Sorry, but the EU is nothing without Britain.
Lauren Southern Visits Calias Refugee Camp – Can’t Find Any Syrians…
What Lauren found was a camp with what appears to be thousands of young Muslim men, few if any from Syria, and no women or children. I would say this is more like a staging area for creating an innovation force and this is totally ion line with the Cloward–Piven strategy of collapsing a political system from within. In this case flow a country with people with no skills an incompatible belief system and no desire to fit in — the result will be the collapse of the political system when the funds required to support this people can not be provided by the working classes.
Europe will go first but America will not be far behind certainly no long than 2018 say 24 months at best. Only trump might be able to stop this but with the entire political class trying to stop him its not looking good for the rest of us.
China’s Reserves & the Flight of Money
Armstrong Economics Blog
Re-Posted Jun 22, 2016 by Martin Armstrong
All we have been hearing are claims that if China sends the dollar flooding back to America, the dollar will become worthless and hundreds of businesses will go broke overnight. The gold promoters put out such wild claims and have no idea what they are saying or the type of world that would unfold. It is not in China’s self-interest to dare to do such a thing for their own economy would collapse. Jobs would be lost and unemployment would soar, leading to another revolution.
These people yell the same thing all the time. They want to see America destroyed so they alone can become wealthy and look down upon the rest of society while kicking them in the gut and rejoicing in their pain. I really do not understand such hatred. Of course, they do not want to talk about how U.S. corporations have $2 trillion+ in cash offshore and only about 10% resides in U.S. government debt.
These scenarios are absurd. When China’s reserves decline, it will be because capital had fled China. This is precisely the opposite of what these people are saying. China has sold U.S. Treasury bonds and U.S. equities to raise cash to support the yuan to boost confidence. It has nothing to do with being bearish on the United States. China has no such interest in destroying the U.S. economy or that of Europe. To do so would destroy their own economy and that would only lead to revolution.
These scenarios are just pathetic. China has been suffering from a lack of confidence and capital has been pouring out of the country. The Chinese are the big-ticket buyers of real estate in the United States. China’s reserves have been collapsing as capital has fled. In fact, March was the first time in five months that China’s foreign reserves rose to $3.213 trillion, which was up by $10.26 billion from the end of February, according to data from the People’s Bank of China. The numbers from April showed a second consecutive monthly increase of $7.09 billion to $3.220 trillion.
As far as China’s gold reserves, they have 1797.46 tonnes (57.7 million ounces) or about $75.1 billion at $1300, which amounts to only about 2% of their reserves.
The problem with all of this nonsense is that they are desperate to create a reason to sell gold. You can fool people sometimes, but not all the time. When they listen to these wild scenarios and they do not pan out, they will lose confidence and stay away. So they could care less about the veracity of their claims. All they care about is selling gold for a profit.
Gold will breakout, but not for such absurd reasons.
Centinel2012 